Forex old Investor is a Forex robot from the FX Automater team that they claim is the most advanced EA they’ve ever designed. This system promises to scientifically generate steady profits from the gold market. It has also been mentioned that both experienced and novice traders can use this system for winning profits and that the trading process requires minimal manual intervention.
This Forex robot is currently being sold under a limited-time offer where you get $60 off. So, although the original price is $297, you can now purchase it for $237. This gives you access to a single real-money account as well as multiple demo accounts. The vendor provides a 60-day no-questions-asked money-back guarantee for this product.
Forex Gold Investor Trading Strategy
Trading in gold requires one to adhere to a strict schedule, and this data has been hard-coded into the robot so that the trades are placed at opportune moments. This EA keeps working for the full length of the session, thus increasing your chances of making gains. Moreover, the trades are executed in such a way that the drawdown is reduced and your precious winnings are protected.
As per vendor claims, the trading recommendations shared by this system can be applied in volatile as well as stagnant market conditions. You don’t need to optimize it manually, since the algorithm used by the system is highly adaptive.
While the vendor mentions the robot using 2 effective strategies, no further details are shared about them. This is truly disappointing since we hoped to find some technical details regarding the trading strategy. It would have helped us in determining whether the robot is truly capable of generating profits from a theoretical standpoint.
Forex Gold Investor Features
Forex Gold Investor is a fully automated system that’s compatible with the Metatrader 4 trading platform. It has a state-of-the-art money-management system that protects your account against losses. After buying this Forex EA, you get access to a quick-start guide that will help you set up the software and start trading with it within 5 minutes.
After setting up the software, you don’t have to worry about making manual changes, as the entire process is handled automatically. If you have any queries, you can always get in touch with the help desk where representatives are available 24/7. All customers are entitled to lifetime updates for free.
Forex Gold Investor Backtesting Results
This backtest was conducted from 2004 to 2017 using every tick data model and a modeling quality of 90%. Using an initial deposit of $2000, a total net profit of $57205.11 was generated while maintaining a decent win rate of 69.16%. While the largest profit made was $582.14, the largest loss suffered was $488.
Although the profit factor for the account was 1.90, the relative drawdown was marginally high at 27.96%. We can also see that there were 22 maximum consecutive wins and 7 maximum consecutive losses during this backtest.
Forex Gold Investor Live Trading Results
This live trading account for Forex Gold Investor was launched on 27th July 2020. Since that time, it has placed 155 trades, winning 116 out of them. This means it has a fairly high win rate of 75%, including daily and monthly gains of 0.41% and 13.07%, respectively. Despite all of this, the account has a high drawdown of 38.17%, which is a cause for concern.
As we can see, the average loss for this account is -672.67 pips/-$7.57, while the average win is 445.36 pips/$5.17. Thus, it is safe to say that there is a significant chance of suffering from losses while trading with this system. However, the profit factor of 2.03 is quite satisfactory.
Forex Gold Investor Reputation
FX Automater, the organization of this expert advisor, is based in Seychelles. It specializes in manufacturing fully automated Forex trading systems and employs developers with more than 15 years of experience. The other systems developed by this company include BF Scalper Pro, Smart Scalper Pro, Grid Master Pro, BD Scalper EA, etc.
We were unable to find any customer reviews for Forex Gold Investor on the web. Since the live trading account for this robot only shows a few trades being placed, and that too with high drawdown, maybe not many individuals feel confident about using it.
Forex Gold Investor Review Summary
- Strategy – 3/10
- Functionality & Features – 4/10
- Trading Results – 3/10
- Reliability – 4/10
- Pricing – 3/10
Conclusion
In the end, we would like to say that Forex Gold Investor is an extremely risky investment. Yes, we have the live trading outcomes and backtesting data shared by the vendor, but both show high drawdown, which means you have a high chance of suffering huge losses while using this robot. Furthermore, the details of the trading scheme have not been revealed, so the system’s profit-making ability is questionable.
